Motorcycle – Used
Includes Refinance. Used subject to NADA Book value. Terms greater than 60 months require minimum loan of $20,000.

Up to 60

5.35%

$19.03

Off-road Vehicle – New
Dirt Bikes/Quads/Mopeds
Up to 80% Financing. Used subject to NADA Book value.

Up to 24

8.40%

$45.42

Boats – New**
Up to 80% Financing. Terms greater than 60 months require minimum loan of $20,000.
Financing available for purchases only

Up to 60
61 to 120
121 to 180
181 to 240

5.74%
6.24%
6.74%
7.24%

$19.22
$11.23
$8.85
$7.91

Boats – Used**
Up to 80% Financing. Used subject to NADA Book value. Terms greater than 60 months require minimum loan of $20,000.
Financing available for purchases only

Up to 60
61 to 120
121 to 180
180 to 240

6.74%
7.24%
7.74%
8.24%

$19.69
$11.72
$9.42
$8.52

Personal Watercraft – New
Up to 80% Financing.

Up to 24

8.40%

$45.42

Recreational Vehicle – New**
Up to 80% Financing. Terms greater than 60 months require minimum loan of $20,000.
Financing available for purchases only

Up to 60
61 to 120
121 to 180

6.74%
7.24%
7.74%

$19.69
$11.72
$9.42

Recreational Vehicle – Used**
Up to 80% Financing. Used subject to NADA Book value. Financing available for purchases only

Up to 60
61 to 120
121 to 180

9.24%
9.74%
10.24%

$20.88
$13.08
$10.90

*APR = Annual Percentage Rate. Rates and terms are subject to change without notice. Rates shown above available with Automatic Payment. New auto loans may finance up to 100% of the MSRP or the purchase price, whichever is less, plus sales tax, license, and extended auto warranty. Used auto loans may finance up to 100% of the NADA Value Guide or the purchase price, whichever is less, plus sales tax, license, and extended warranty. Extended warranty financing maximum is $2,000 on autos and $2,500 on trucks. Extended warranty finance limit on all other vehicles is $2,500. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different term. The above loan requests are subject to credit approval. One must live, work or worship in Suffolk County, NY, to be eligible for membership. Please see a Suffolk Federal representative for additional information, applicable fees and terms.

**In order for a loan to have a repayment term of over 144 months, it must qualify as an Internal Revenue definition of a home; has sleeping, cooking &amp; toilet facilities. (Internal Revenue Publication 936 Home Mortgage Interest Deduction, 2000). Conditions of loans may vary. Rates and conditions are subject to change without notice.

1: APR=Annual Percentage Rate. 0.50% off current rates which range from 3.10% to 6.10% APR. This is a buy down rate. The amount of the buy down will not affect the price of the vehicle. Qualifying rate will vary based on credit worthiness and terms. Enterprise rate offer is valid for all terms up to 60 months. For every $1,000 borrowed at 2.60%APR, the monthly payment will equal $17.79. Financing for qualified Suffolk Federal Credit Union members. Offer valid only on Enterprise Car Sales vehicles purchased March 1 - March 31, 2019. This offer cannot be combined with any other offer.

MasterCard® Platinum0.00% Introductory APR for a period of six (6) billing cycles. After that your APR will be 9.74% to 15.74% based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

MasterCard® Rewards 11.49% to 17.49% when you open your account, based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

MasterCard® Secured 11.74% – This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

Annual Percentage Rate (APR)
for Balance Transfers

MasterCard® Platinum0.00% Introductory APR for a period of six (6) billing cycles. After that your APR will be 9.74% to 15.74% based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

MasterCard® Rewards 11.49% to 17.49% when you open your account, based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

MasterCard® Secured11.74% – This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

Annual Percentage Rate (APR)
for Cash Advances

MasterCard® Platinum 9.74% to 15.74% when you open your account, based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

MasterCard® Rewards 11.49% to 17.49% when you open your account, based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

MasterCard® Secured11.74% – This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle.We will not charge you any interest on purchases if you pay your entire balance by the due date each month.

$5.00 or 3.00% of the amount of each cash advance, whichever is greater

Foreign Transaction Fee

1.00% of each transaction in U.S. dollars

Transaction Fee for Purchases

None

Pay-by-Phone Fee

$5.00

Penalty Fees

Late Payment Fee

Up to $35.00

Over-the-Credit-Limit Fee

None

Returned Payment Fee

Up to $30.00

How We Will Calculate Your Balance. We use a method called “average daily balance (including new purchases).”

MasterCard® Platinum – Promotional Period for Introductory APR. The Introductory APR for purchases and balance transfers will apply to transactions posted to your account during the first six (6) months following issuance of your card.

MasterCard® Platinum – Loss of Introductory APR. We may end your Introductory APR for purchases and balance transfers and apply the prevailing non-introductory APR if you are 60 days late in making a payment.

Effective Date. The information about the costs of the card described in this application is accurate as of January 28, 2019. This information may have changed after that date. To find out what may have changed, contact the Credit Union.

For California Borrowers, the MasterCard Platinum, MasterCard Rewards and MasterCard Secured are secured credit cards. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during an periods when you are a covered borrower under the Military Lending Act your credit card will be secured by any specific Pledge of Shares you grant us but will not be secured by all shares you have in any individual or joint account with the Credit Union. For clarity, you will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.

Additional Disclosures

Late Payment Fee

$25.00 or the amount of the required minimum payment, whichever is less, if you are three (3) or more days late in making a payment. In the event you fail to make a payment on time in any of the six (6) billing cycles following the initial violation, you will be charged $35.00 or the amount of the required minimum payment, whichever is less.

Returned Payment Fee

$25.00 or the amount of the required minimum payment, whichever is less. In the event a payment is returned in the same or in any of the six (6) billing cycles following the initial violation, you will be charged $30.00 or the amount of the required minimum payment, whichever is less.

Returned Convenience Check Fee

$25.00 or the amount of the returned convenience check, whichever is less. In the event a payment is returned in the same or in any of the six (6) billing cycles following the initial violation, you will be charged $30.00 or the amount of the returned convenience check, whichever is less.

*APR = Annual Percentage Rate. Rates shown above available with Automatic Payment. The above loan requests are subject to credit approval. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different term. Conditions of loans may vary. Rates and conditions are subject to change without notice.

**For all variable-rate loans, the APR may change after consummation. The Share Secured loan rate is calculated as the dividend rate plus 3.00%. The minimum payment for the variable line of credit will be 2.00% of the outstanding balance rounded up to the nearest dollar, or $10.00, whichever is greater. For Share Secured loans, the minimum payment will be $25.00. There are no fees associated with the Share Secured loan. Please see a Suffolk Federal representative for additional information, applicable fees and terms.

*APR = Annual Percentage Rate. Rates reflect automatic payment. Rates and terms are subject to change without notice. Applicants who are not approved at these rates may be offered credit at a higher rate. Rates will be 3.00% higher for Non-Primary Fixed Home Equity Loans. Minimum loan amount of $20,000. All loans are subject to credit approval and income verification. Available for primary and secondary residences excluding mobile homes, boats, co-ops and homes for sale. Payments do not include taxes or required insurance.

Suffolk Federal will pay closing costs on Home Equity loan amounts up to $250,000 on properties in New York State only. If you pay off and close your loan less than three years from loan origination date, you will be required to reimburse all closing costs paid by Suffolk Federal. For loan amounts up to $250,000, closing costs are estimated to be between $950 and $2,790. Estimate is based on Suffolk County, other counties may have different estimates.

All loans are subject to credit approval and income verification. All rates and terms are subject to change without notice. Please speak to a Suffolk Federal representative for additional information, applicable fees and terms.

The 2.99% Intro APR Home Equity Line-of-Credit1Intro for 24 months thereafter as low as 5.50%
Minimum loan amount of $20,000

2.99%

Home Equity Line-of-Credit2
Minimum loan amount of $20,000

5.50%

1. 2.99% Intro APR Home Equity Line-of-Credit
*APR = Annual Percentage Rate. Introductory rate as low as 2.99% good for 24 months from origination date. Introductory APR is based on your creditworthiness and will range from 2.99% APR to 5.99% APR thereafter as low as 5.50%. Effective 24 months from origination date, APR is based on the Prime Rate as published in the Wall Street Journal plus a margin which is determined by your creditworthiness. The minimum rate is 3.00% APR and the maximum rate is 18.00% APR. The HELOC is a variable rate loan. After 24-month introductory period, the APR may change monthly. Making minimum payments only may result in a balloon payment.

2. Home Equity Line-of-Credit
*APR = Annual Percentage Rate. Rates and terms are subject to change without notice. APR is based on the Prime Rate as published in the Wall Street Journal. The minimum rate is 3.00% APR and the maximum rate is 18%. The HELOC is a variable rate loan and the APR may change monthly after consummation. Making minimum payments only may result in a balloon payment.

1/2. Rates will be 3.00% higher for Non-Primary Home Equity Line-of-Credit Loans. Minimum loan amount is $20,000. Maximum loan amount is $500,000. The length of the repayment period will depend on the balance at the time of the last advance you obtain before the draw period ends. Monthly payments required during both the draw and repayment periods. Payment calculation is based on 20-year amortization. Hazard insurance is required. Available on 1- to 4-family primary or secondary residences, excluding mobile homes, co-ops and homes for sale, under construction or on leased land. Applicants who are not approved at these rates may be offered credit at a higher rate.

Suffolk Federal will pay closing costs, except the appraisal fee, on Home Equity lines-of-credit amounts up to $500,000 on properties in New York State only. If you pay off and close your loan less than three years from loan origination date, you will be required to reimburse all closing costs paid by Suffolk Federal. For a Home Equity Line-of-Credit: Lines up to $100,000 require minimum $15,000 initial advance and maintain a balance of $10,000 for 36 months to avoid closing costs; lines between $100,000.01 and $250,000 require a minimum $35,000 initial advance and maintain a balance of $25,000 for 36 months to avoid closing costs; and lines between $250,000.01 and $500,000 require a minimum $65,000 initial advance and maintain a balance of $50,000 for 36 months to avoid closing costs. For line amounts up to $500,000, closing costs are estimated to be between $950 and $4,795. Estimate is based on Suffolk County, other counties may have different estimates.

All loans are subject to credit approval and income verification. All rates and terms are subject to change without notice. Please see a Suffolk Federal representative for additional information, applicable fees and terms.

First Home Club - Based on Predetermined Systematic Deposit Schedule
To Earn Dividend:

$0 - $99.99

0.00%

0.00%

$100 - $4,999.99

0.10%

0.10%

$5,000+

0.15%

0.15%

First Time Homebuyers Club2 - $100 Minimum Deposit
To Earn Dividend:

$0 - $99.99

0.00%

0.00%

$100 - $4,999.99

0.10%

0.10%

$5,000+

0.15%

0.15%

Holiday Club Account - $5 Minimum Deposit
To Earn Dividend:

$0 - $99.99

0.00%

0.00%

$100 - $4,999.99

0.10%

0.10%

$5,000+

0.15%

0.15%

Tax Time Club Account - $5 Minimum Deposit
To Earn Dividend:

$0 - $99.99

0.00%

0.00%

$100 - $4,999.99

0.10%

0.10%

$5,000+

0.15%

0.15%

Vacation Club Account - $5 Minimum Deposit
To Earn Dividend:

$0 - $99.99

0.00%

0.00%

$100 - $4,999.99

0.10%

0.10%

$5,000+

0.15%

0.15%

IRA/SEP Account

$0 Minimum Deposit to Earn Dividend

0.10%

0.10%

Advantage Checking
To Earn Dividend:

$0 - $9,999.99

0.00%

0.00%

$10,000 Minimum Balance to Earn Dividend

0.10%

0.10%

Girl Scouts Free Checking****
To Earn Dividend:

$0 - $9,999.99

0.00%

0.00%

$10,000 Minimum Balance to Earn Dividend

0.10%

0.10%

LI2Day Free Checking****
To Earn Dividend:

$0 - $9,999.99

0.00%

0.00%

$10,000 Minimum Balance to Earn Dividend

0.10%

0.10%

Max Money Checking
To Earn Dividend:

$0 - $9,999.99**

0.0%

0.0%

$10,000 - $24,999.99**

0.10%

0.10%

$25,000 - $49,999.99**

0.11%

0.11%

$50,000+**

0.25%

0.25%

Insured Money Market †
To Earn Dividend:

$2,500 - $24,999.99

0.55%

0.55%

$25,000 - $49,999.99

0.75%

0.75%

$50,000 - $99,999.99

1.24%

1.25%

$100,000 - $249,999.99

1.59%

1.60%

$250,000 - $499,999.99

1.74%

1.75%

$500,000 - $999,999.99

1.78%

1.80%

$1,000,000+

1.78%

1.80%

*APY = Annual Percentage Yield. Rates and terms may change after account is opened. Offers may be for a limited time only. The annual percentage yield is indicated as of the last dividend declaration date. Fees could reduce the earnings on the account. Penalties may be imposed for early withdrawals. For more information, please contact one of our Suffolk Federal representatives.

1: For Youth Savings Accounts, the entire balance will be transferred to your regular Share Savings Account on the day the member turns 18, and the account will be closed.

2: This savings club account requires 12 to 24 minimum consecutive $100 monthly deposits and completion of a home buying education course in return for closing cost assistance on a Suffolk Federal mortgage loan. Open to qualifying credit union members who have not been an owner of record of a home for at least 36 months from the date of their club enrollment with a $100 minimum opening balance. $10 fee per withdrawal (could subject participant to loss of closing benefits). Speak to a Suffolk Federal representative for full details.

**$20 service fee imposed on balances below $3,000.00.

****LI2Day and Girl Scouts Checking Accounts have the same rates, fees and terms as Advantage Checking Accounts.

*APY = Annual Percentage Yield. Rates and terms are subject to change without notice. Offers may be for limited time only. The annual percentage yield is indicated as of the last dividend declaration date. Fees could reduce the earnings on the account. Penalties may be imposed for early withdrawals. For more information, please contact one of our Suffolk Federal representatives.

Suffolk County Officials Warn of New Telephone Scam

Source: Newsday Fraudsters are employing a new phone scam that displays a caller ID that looks like a legitimate source, whether it’s the U.S. Social Security Administration or PSEG Long Island, officials warned Thursday. Suffolk County officials held a news conference last week to warn people about the new scam. In addition, PSEG Long Island held... Read more